Question $30$

$3$ pts

On July $1,2020,$ Aurora Company collected $$24,000$ rent on a building it owns. The amount collected, which covers a $2-$year period starting July $1,2020,$ was not recorded at all. What journal entir, if any, needs to be recorded at the end of $2021$ assuming that the books have already been closed?

Debit Cash $$24,000,$ Credit Retained Earnings $$6,000,$ Credit Rent Revenue $$12,000,$ Credit Uneamed Rent $$6,000$

None of these.

Debit Cash $$24,000,$ Credit Retained Earnings $$18,000,$ Credit Unearned Rent $$6,000$

Debit Cash $$24,000,$ Credit Unearned Rent $$24,000$